Constellation Brands, Inc. (STZ) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Cash from Operations | 562.8M | 616.9M | 852.1M | 637.2M | 594.7M | 685.2M | 1.18B | 690.5M | 433.2M | 724.8M | 956.6M | 665.4M | 476.3M | 626.3M | 896.1M | 758.2M | 261.3M | 918.2M | 809.9M | 716M |
| Operating CF Margin % | 29.31% | 27.75% | 34.34% | 25.34% | 27.48% | 27.81% | 40.49% | 25.94% | 20.25% | 29.33% | 33.72% | 26.46% | 23.84% | 25.7% | 33.74% | 32.08% | 12.43% | 39.56% | 34.15% | 35.33% |
| Operating CF Growth % | -5.36% | -9.97% | -27.9% | -7.72% | 37.28% | -5.46% | 23.54% | 3.77% | -9.05% | 15.73% | 6.75% | -12.24% | 82.28% | -31.79% | 10.64% | 5.89% | -41% | -0.05% | 6.79% | 4.3% |
| Net Income | 201.8M | 502.8M | 486.1M | 523.8M | -370.6M | 629.1M | -1.18B | 892.8M | 404.4M | 520.9M | 700.7M | 139.2M | 223.2M | 479.7M | -1.14B | 399.3M | 405.6M | 480.8M | 11.9M | -897.3M |
| Depreciation & Amortization | 112.1M | 99.3M | 102.7M | 105.2M | 105.9M | 119M | 109.2M | 111.6M | 106.1M | 108.1M | 108.4M | 105.3M | 105.4M | 94.9M | 90.8M | 92.7M | 88.7M | 86.3M | 86.3M | 76M |
| Stock-Based Compensation | 0 | -29M | 21.7M | 10.4M | 11.5M | 19.7M | 23.7M | 17.3M | 14.1M | 17M | 18M | 14.5M | 12.4M | 18.3M | 21M | 16.8M | 11.1M | -2.2M | 20M | 16M |
| Deferred Taxes | 198.8M | -34M | 243.6M | 34M | -26.1M | -5.7M | -203.5M | 25M | 119.7M | 1.9M | 26.6M | -300K | -10.6M | 9.8M | 187.1M | 21.5M | 26.3M | 77.7M | 79.5M | -98.7M |
| Other Non-Cash Items | 157.9M | 174.9M | -84.5M | 133.6M | 899.1M | 17.4M | 2.26B | -164.7M | 5.7M | 78.6M | 50.5M | 528.4M | 275.8M | 68.3M | 1.82B | 245.5M | 113M | 237.5M | 514.7M | 1.56B |
| Working Capital Changes | -107.8M | -97.1M | 82.5M | -169.8M | -25.1M | -94.3M | 176.7M | -191.5M | -216.8M | -1.7M | 52.4M | -121.7M | -129.9M | -44.7M | -77.2M | -17.6M | -383.4M | 38.1M | 97.5M | 62.2M |
| Change in Receivables | 51.7M | -41M | 146.1M | -73.9M | 98M | 32.9M | 22.8M | -63.4M | 66.3M | 36.9M | 1.5M | -31.5M | 21.4M | 59.5M | -102M | 17.2M | 20.8M | 53M | -51.1M | -136.7M |
| Change in Inventory | -49.2M | 49.2M | -27.5M | -20.8M | -98M | -68.9M | 62M | -47.3M | -91.9M | -171.7M | 138.9M | -57.6M | -97.1M | -173M | -3.3M | -83M | -42.9M | -169.1M | 33M | -82.3M |
| Change in Payables | 4.2M | -60.9M | 16.3M | 36.7M | -15.9M | -17.1M | 71.8M | 62.7M | 200K | 80.9M | -90.6M | 34.2M | -72.5M | -1.5M | 94.4M | 94.5M | -126.8M | 94.6M | 21.8M | 224.1M |
| Cash from Investing | -213.6M | -234.7M | 660.9M | -196.1M | 123.4M | -240.6M | -480.2M | -377.4M | -356M | -329M | -309M | -291.9M | -352.8M | -160.6M | -259.2M | -226.8M | -361.6M | -297.1M | -260.5M | -116.6M |
| Capital Expenditures | -218.9M | -246M | -217.3M | -192.8M | -282.6M | -228.4M | -327.8M | -375.3M | -357.2M | -329.9M | -305M | -277M | -351.6M | -248.8M | -238.4M | -196.6M | -428.1M | -245.3M | -239.5M | -113.9M |
| CapEx % of Revenue | 11.4% | 11.07% | 8.76% | 7.67% | 13.06% | 9.27% | 11.23% | 14.1% | 16.7% | 13.35% | 10.75% | 11.01% | 17.6% | 10.21% | 8.98% | 8.32% | 20.36% | 10.57% | 10.1% | 5.62% |
| Acquisitions | 16.3M | -500K | 847.4M | 3.7M | 405.3M | -12.5M | -138.4M | 12.9M | 100K | -7M | -14.8M | -14.9M | -1.3M | 88.3M | -21M | -37.2M | -8M | -53.5M | -20.5M | 5.8M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 11.8M | 30.8M | 0 | 700K | 300K | -14M | -2M | 800K | 7.9M | 10.8M | -14.9M | 100K | 8.4M | 21.2M | 7M | 87.7M | 1.7M | -500K | 0 |
| Cash from Financing | -401.3M | -301.6M | -1.52B | -437.6M | -723M | -434.8M | -711M | -393M | -2.2M | -400M | -757.7M | -314.7M | -174M | -447.3M | -571.4M | -627.2M | -61.6M | -361.5M | -949.9M | -556.5M |
| Debt Issued (Net) | -104M | 116.1M | -1.03B | 68.9M | -84.4M | -19.7M | -287.2M | -400K | 179.9M | -10.9M | -654.5M | -104M | 286.4M | 1.21B | -30.1M | 563.1M | 78.6M | -255.7M | 131.9M | -1.1M |
| Equity Issued (Net) | -95.4M | -220.1M | -300.2M | -306.1M | -455.7M | -218.9M | -225.5M | -200M | 15.5M | -214.7M | 70.3M | -35M | -299.7M | -1.5B | -392.9M | -1.01B | 17.9M | 51.3M | -904.2M | -388.3M |
| Dividends Paid | -176.9M | -177.7M | -178.9M | -182.2M | -180.5M | -182.7M | -183.3M | -185.3M | -162.7M | -163.5M | -163.5M | -164.1M | -146.6M | -145.8M | -146M | -149.3M | -142.5M | -141.2M | -142.6M | -146.7M |
| Share Repurchases | -100M | -220.1M | -300.2M | -306.1M | -455.7M | -218.9M | -249.2M | -200M | 0 | -214.7M | 0 | -35M | -299.7M | -1.5B | -392.9M | -1.01B | 0 | -85.5M | -904.2M | -400.8M |
| Other Financing | -25M | -19.9M | -10.3M | -18.2M | -2.4M | -13.5M | -15M | -7.3M | -34.9M | -10.9M | -10M | -11.6M | -14.1M | -9.6M | -2.4M | -33.4M | -15.6M | -15.9M | -35M | -20.4M |
| Net Change in Cash | -50M | 80.4M | -1.9M | 5.8M | -5.6M | 9.1M | -9.2M | -78.6M | 73.7M | -4.6M | -109.2M | 59M | -51.5M | 19.9M | 63.3M | -97.6M | -161.9M | 257.9M | -400.4M | 43.2M |
| Free Cash Flow | 343.9M | 370.9M | 634.8M | 444.4M | 312.1M | 456.8M | 854M | 315.2M | 76M | 394.9M | 651.6M | 388.4M | 124.7M | 377.5M | 657.7M | 561.6M | -166.8M | 672.9M | 570.4M | 602.1M |
| FCF Margin % | 17.91% | 16.69% | 25.59% | 17.67% | 14.42% | 18.54% | 29.26% | 11.84% | 3.55% | 15.98% | 22.97% | 15.44% | 6.24% | 15.49% | 24.77% | 23.76% | -7.93% | 28.99% | 24.05% | 29.71% |
| FCF Growth % | 10.19% | -18.8% | -25.67% | 40.99% | 310.66% | 15.67% | 31.06% | -18.85% | -39.05% | 4.61% | -0.93% | -30.84% | 174.76% | -43.9% | 15.3% | -6.73% | -462.61% | -7.67% | -8.71% | 11.03% |
| FCF per Share | 1.98 | 2.12 | 3.61 | 2.50 | 1.73 | 2.51 | 4.69 | 1.72 | 0.41 | 2.14 | 3.54 | 2.11 | 0.68 | 2.00 | 3.56 | 2.97 | -0.78 | 3.16 | 2.96 | 3.11 |
| FCF Conversion (FCF/Net Income) | 2.79x | 1.23x | 1.83x | 1.23x | -1.58x | 1.11x | -0.99x | 0.79x | 1.10x | 1.42x | 1.39x | 4.90x | 2.14x | 1.34x | -0.78x | 1.95x | 0.66x | 1.95x | 539.93x | -0.79x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |